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The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia

Purpose: The goal of this study is to look at the determinants that contribute to income inequality in Malaysia. Methodology: The time series spans the years 1990 - 2019, with 30 observations. The empirical findings of this study were obtained using three important econometrics tests through E-vi...

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Main Authors: Regina Lee, Junup, Nur Nadhira, Baharuddin, Joanne Shaza, Janang
Format: Article
Language:English
Published: Human Resource Management Academic Research Society (HRMARS) 2023
Subjects:
H Social Sciences (General)
Online Access:http://ir.unimas.my/id/eprint/42724/3/The%20Impact.pdf
http://ir.unimas.my/id/eprint/42724/
https://hrmars.com/index.php/IJARBSS/article/view/18136/The-Impact-of-Economic-Growth-Education-Level-and-Inflation-Rate-on-Income-Inequality-in-Malaysia
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spelling my.unimas.ir.427242023-09-04T02:39:46Z http://ir.unimas.my/id/eprint/42724/ The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia Regina Lee, Junup Nur Nadhira, Baharuddin Joanne Shaza, Janang H Social Sciences (General) Purpose: The goal of this study is to look at the determinants that contribute to income inequality in Malaysia. Methodology: The time series spans the years 1990 - 2019, with 30 observations. The empirical findings of this study were obtained using three important econometrics tests through E-views software: Augmented Dickey-Fuller (ADF) test and Phillips-Perron (PP) test, the JJ Cointegration test, and the Vector Error Correction Model (VECM) test. Expected Findings: The result reveals that economic growth, education level, and inflation rate have long-run and short-run relationships with income inequality in Malaysia. Practical Implications: The government needs to implement and introduce new ways and solutions in increasing and enhancing the quality of the education system that could aid in reducing the country’s income inequality. Originality/Value: Findings of this study will assist the government and policymakers in determining the major drivers that are beneficial in reducing income inequality. Human Resource Management Academic Research Society (HRMARS) 2023-07-29 Article PeerReviewed text en http://ir.unimas.my/id/eprint/42724/3/The%20Impact.pdf Regina Lee, Junup and Nur Nadhira, Baharuddin and Joanne Shaza, Janang (2023) The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia. International Journal of Academic Research in Business & Social Sciences, 13 (8). pp. 910-921. ISSN 2222-6990 https://hrmars.com/index.php/IJARBSS/article/view/18136/The-Impact-of-Economic-Growth-Education-Level-and-Inflation-Rate-on-Income-Inequality-in-Malaysia DOI:10.6007/IJARBSS/v13-i8/18136
institution Universiti Malaysia Sarawak
building Centre for Academic Information Services (CAIS)
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaysia Sarawak
content_source UNIMAS Institutional Repository
url_provider http://ir.unimas.my/
language English
topic H Social Sciences (General)
spellingShingle H Social Sciences (General)
Regina Lee, Junup
Nur Nadhira, Baharuddin
Joanne Shaza, Janang
The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia
description Purpose: The goal of this study is to look at the determinants that contribute to income inequality in Malaysia. Methodology: The time series spans the years 1990 - 2019, with 30 observations. The empirical findings of this study were obtained using three important econometrics tests through E-views software: Augmented Dickey-Fuller (ADF) test and Phillips-Perron (PP) test, the JJ Cointegration test, and the Vector Error Correction Model (VECM) test. Expected Findings: The result reveals that economic growth, education level, and inflation rate have long-run and short-run relationships with income inequality in Malaysia. Practical Implications: The government needs to implement and introduce new ways and solutions in increasing and enhancing the quality of the education system that could aid in reducing the country’s income inequality. Originality/Value: Findings of this study will assist the government and policymakers in determining the major drivers that are beneficial in reducing income inequality.
format Article
author Regina Lee, Junup
Nur Nadhira, Baharuddin
Joanne Shaza, Janang
author_facet Regina Lee, Junup
Nur Nadhira, Baharuddin
Joanne Shaza, Janang
author_sort Regina Lee, Junup
title The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia
title_short The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia
title_full The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia
title_fullStr The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia
title_full_unstemmed The Impact of Economic Growth, Education Level, and Inflation Rate on Income Inequality in Malaysia
title_sort impact of economic growth, education level, and inflation rate on income inequality in malaysia
publisher Human Resource Management Academic Research Society (HRMARS)
publishDate 2023
url http://ir.unimas.my/id/eprint/42724/3/The%20Impact.pdf
http://ir.unimas.my/id/eprint/42724/
https://hrmars.com/index.php/IJARBSS/article/view/18136/The-Impact-of-Economic-Growth-Education-Level-and-Inflation-Rate-on-Income-Inequality-in-Malaysia
_version_ 1776251365559894016
score 13.211869

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